XPL is perched just below a recent swing high and has broken the prior market structure, signaling a shift to the downside. Momentum looks primed for a short move.
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🔴 $XPL SHORT 📉
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📍 Entry Range: $0.058032 – $0.058148
🛑 Stop Loss: $0.059833 (-3.0%)
🎯 TP1: $0.057219 (+1.5%)
🏆 TP2: $0.055185 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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The CHoCH fired as price slipped beneath the last low, and the CVD turned negative confirming the sell pressure. An FVG sits right under the break and the order block lines up, creating a POI where the OB and FVG overlap, giving a clean short entry.
A 3.0% stop loss is relatively tight; use up to 5x leverage to keep risk in check.
Take partial profit at the first target, which aligns with a 1.7 R payoff.
As always: manage your risk, this is not financial advice 🙏
$XPL #XPLUSDT #THORChain #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 $XPL SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.058032 – $0.058148
🛑 Stop Loss: $0.059833 (-3.0%)
🎯 TP1: $0.057219 (+1.5%)
🏆 TP2: $0.055185 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH fired as price slipped beneath the last low, and the CVD turned negative confirming the sell pressure. An FVG sits right under the break and the order block lines up, creating a POI where the OB and FVG overlap, giving a clean short entry.
A 3.0% stop loss is relatively tight; use up to 5x leverage to keep risk in check.
Take partial profit at the first target, which aligns with a 1.7 R payoff.
As always: manage your risk, this is not financial advice 🙏
$XPL #XPLUSDT #THORChain #TradingSignals #Write2Earn